Equinix
Equinix operates global colocation data centers enabling interconnection for AI, cloud, and enterprises.
Updated April 2026
Overview
- Website
- equinix.com
- Founded
- 1998
- Headquarters
- Redwood City, CA
- Segment
- Data Center Operators
- Posture
- Colocation / Retail
Product overview
Equinix provides carrier-neutral colocation, interconnection via Equinix Fabric, and managed infrastructure in 260+ AI-ready data centers across 33 countries. Customers include Fortune 500 enterprises, cloud providers like AWS, networks, and hyperscalers for high-density AI workloads with liquid cooling. Distinct for its vast neutral ecosystem, 99.999% uptime, 100% renewable energy, and xScale hyperscale facilities powering distributed AI.
Revenue model
94% recurring revenue: colocation (~70%, space/power leases, cabinets $1,500-3,000/month Tier 1 incl. 5-8kW, extra power $150-300/kW/month), interconnection (~17%, connections), managed infra; contracts 1-5 years auto-renew; non-recurring ~6% (installs). FY2024: colocation $6.1B, total $8.7B.
Moat
Equinix's key competitive moat is its Platform Equinix, a global interconnection ecosystem that generates powerful network effects by enabling over 492,000 direct connections among enterprises, networks, and cloud providers across 264+ data centers in 72 cities. This creates immense switching costs, reflected in a ~2% customer churn rate and high-margin interconnection revenue (~16-19% of total), making it far stickier and harder to replicate than rivals' scale-focused models.